This sounds to me like someone are offering a YouTube subscription to a deaf person.  Well, at least youtube has subtitles and you don't need to hear things when watching cats fall the furniture on the birthday cake  But I'm totally with Rikafip on this! Seriously people, stop your 4 lines of how great BTC is for everyone in this universe and think for a moment! We talk about somebody who is illiterate, somebody who doesn't understand letters and words, there are plenty here who obviously can write 4 lines but they have no clue how bitcoin transactions work even after two years on the forum and you think you're going to make a bitcoin user from an illiterate person? Ignoring how nearly impossible it will be for him have you thought on - how easy he would get scammed? - not only is he illiterate but most of those people live in non-English speaking countries, so when using bitcoin you will have to deal with another hurdle - how is he going to buy bitcoin being illiterate? Two blue paper notes that he uses to buy two kilos of bananas for a twenty round shapes and one pole like character and then one hook like character on a screen? Additionally, you can also explain it to them that BTC works something as an investment- meaning you can store it for a relatively long time and it will incur value at the end (e.g. likening it to precious metals such as gold, etc.).
Ok, let's see it: Explain to me like you would to to an illiterates person what a cryptocurrency is! (at first you're going do deal with the fact that I can't read your answer) |
|
|
|
- economyFee: 10 sat/vB
- minimumFee: 5 sat/vB
One week and we're down by 240vMB in the mempool, it's still barely Saturday afternoon and the extra blocks keep being mined at the same 5%-10% extra rate. So, does Feebudy has some extra safety features or will he crash when we hit 1sat/vb? Perfect time for me to inscribe my custom MIDI ringtone collection and release it as an Ordinals series. $$$$ here we come
At the rate you're going you might as well just rip the entire iTunes Store and put it on the blockchain  Would like me some Nine Inch Nails whenever I broadcast a transaction. Seriously though: WTF is going on? Why are Ordinals platforms lowballing the fee rates all of a sudden? Fortunately it' still expensive to put full songs , assuming we keep some quality you will still have to pay close to $5000 per block so we're a bit too early for that. Even it at 1sat/vb and not 10sat/vb there is no danger of somebody uploading avatar2 in 4k on the chain...yet! As for ordinals, probably out of a market and ideas, common, how many pixels resembling monkey/dog/cat memes can you make? |
|
|
|
|
Bumping this as I just saw a discussion about the same thing and I wondered how much the price jump has changed those figures.
So I've added the new numbers for a price of 47500 per coin and when I look at the bottom of the list things got ridiculous.
Excluding Venezuela which is a league of it's own:
Bangladesh added nearly 30 000 days, so about 82 years.
India got an extra 9000 and a bit so about 25 years.
The worst in Europe, Moldova got away with just 9 extra years of work.
Only 15 country managed to keep the extra work under a year.
|
|
|
|
Why?
Because simple logic! He has no family, he has no assets in the US , he is not a citizens and all he put down as a guarantee was equity in a foreign company not based in the US but still under his total control. Do you think any country would have let him go? did not even let him out to see a sick relative
Yeah right, this thing wouldn't be believed even on this forum but by a judge, we had this thing in our country before we joined the EU, every time an official was arrested for fraud he suddenly got ill, we even nicknamed the anti corruption department the cancer screeners as they were finding more cases in their arrest that a doctor in a hospital. How much are you willing to bet that CZ "relative" has miraculously got better and got out hospital the moment poor CZ couldn't get there? |
|
|
|
A normal clause. This basically means that if a user uses the service to commit fraud, and they have to go to court because of it, that user will have to compensate them for that "loss". Now where did they get this value? I don't know...
The company is licensed in the EU and it operates under EU laws, for a decade we had a directive against unfair terms and conditions, basically you can write whatever you want there if a judge says those are unfair for the customer you can wipe your ass with their T&C. Every time you buy a product or service from a professional trader, you're entering into a contract - whether it's signing up for gym membership, ordering car tyres online, getting a mortgage for your house or even just buying your weekly shopping from the supermarket. Under EU law, standard contract terms used by traders have to be fair. This doesn't change if they're called "terms and conditions" or are part of a detailed contract that you actually have to sign. The contract is not allowed to create an imbalance between your rights and obligations as a consumer and the rights and obligations of sellers and suppliers. They can say in their ToS that if you try to hack account they will get a kidney from you, or that if you don't log in for a day they shave 10% of your account, that doesn't make it legal or enforceable in any way. I would never use a service where they oblige me to pay stupid nonsense fees like this as severance.
This should surely be mentioned if I add this product to the OP.
Exactly, they could have just let the normal procedure there but the give us at least 2 millions $ makes it look like it's being run by either kids or amateurs. |
|
|
|
Thanks, joker_josue, I initially thought it as javascript but when it didn't work I was too lazy to check I wonder why they did it, after all while browsing through it there was nothing out of the ordinary, the same mumbo-jumbo as we won't do anything unless we will do it and maybe this thing below which is clearly wtf material. 6.2 Shall you breach this Agreement or any applicable law or administrative regulation, you shall pay to us at least US$ Two million in compensation and bear all the expenses in connection with such breach (including attorney's fees, among others). If such compensation cannot cover the actual loss, you shall make up for the difference. I suppose it's a joke, right? Right?! |
|
|
|
I am a programmer and Yes I have farmed the accounts, they were running on a server.
~
Hence I would like to request the removal of the negative feedback.
That's the exact reason why you got tagged, so why do you think anything will change? Hacked or not hacked after that you have created an alt farm and you were running them at least once. Moreover how do we would even know it's you and not somebody who has got access or bought this account and its trying to get rid of the red tags? Either way, those from Lauda are not going to get removed! |
|
|
|
according to Skot, since the chips are relatively new, they are only available in sets of 324...
and not only that: You've got to protect those beauties in shipping by soldering them to a PCB and encasing them in heatsinks Probably this is where he got it: https://twitter.com/skot9000/status/1743057204926882303 |
|
|
|
Common quote from Robin Jones Gunn, you may or may not have heard about it, but is "You go alone, you go fast, you go with people, you go far".
Except that works more with the fact she was writing about, and she's all about religion. There is one thing about being part of a mob, let's assume in 2009 there weren't just a few guys but millions grabbing coins one month after the launch, do you think that outside that huge wave we could have head the same growth year after year also? Lone investors are so successful (when they manage to time it right) exactly because they were the only one knowing about that gem, and there is also another example right here in crypto, the guy that bought quietly a few thousands dollars worth of shiba, if everyone would have know the price graph would have looked completely different. Have you met anyone who knows about bitcoins, and then you tried to introduce them to this forum to come join this community, but they refused? I like to see what maybe their reasons where. Why do you care so much for what others think and do? Sometimes I don't understand this obsession with knowing eveything about everyone on a forum that should be dedicated to privacy! |
|
|
|
You expect someone like me to believe this? If KYC passed this type of documents then they sucks at it big time, maybe they are using the old KYC verification process, anyone who use their $15 to get such KYC won't be able to pass Binance Exchange KYC verification.
What is old and what is new in this KYC verification? You're putting too much faith in the verifications done by those companies, they sometimes don't even have the basic understanding of local government ids. This $15 picture is pushing the limits of laziness but no exchange would be able to tell if your ID is actually valid or not or if its' real. One of my former gaming friends had an old ID he uses for KYC , that document is not valid anymore as he has a new address new number but the girl at the center instead of shredding it just cut a tiny corner of the id which the guy glued together and laminated once more over it. He has passed Binance and Coinbase verification with it as it's as real as one can get but the damn thing hasn't been valid for years although the date will still allow him to use it for a few more years. To give you a concrete example, not only does our local exchange (coins.ph) require you to submit government issued IDs, they also require you to submit additional documents (e.g. bank statements, ITR, etc.) to strengthen your position on their exchange.
And those are just pieces of paper, what stops you printing your own? My bank send me monthly statements password protected in a zip in email, but the PDL isn't even locked I would simply edit my name and write Stompix the Great and print it, no exchange would be able to say it's fake! If you think that CEXs obey the law down to the smallest detail, then you are living in a big delusion, because they not only close their eyes and turn their heads to the other side whenever possible, but also help users to become legal in their system in an illegal way. The CEX you mention is one of those that owes its success precisely to its work on the edge of the law, or better said in the gray zone, which is why they are banned from working in many countries.
Most exchanges use some generic KYC verification system from a third-party provider, and only really start to clamp down on fraudulent accounts if they are forced to by governments. Like if they are ordered that they either have to do that or face heavy millions of dollars fines, suspended licenses, and possibly even arrest. Exactly! No current exchange actually check if the IDs are valid, they only check if it's not grossly forged but no exchange is in a relation with a government agency to check if that guys actually exist or its a real person! There is no such cross check, as long as that ID is valid and you resemble that guy you can pose with a dead man ID and they would have no way of knowing. |
|
|
|
You have a point but I think there is transparency in the protection fund to an extent because users can publicly verify it.
And what can you verify? That an address hold x amounts of coins? Binance claims it has 1 billion in it's safu funds, one of their cold wallet , just one https://bitinfocharts.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseohold 11 billion worth of coins. If that would get hacked from where is money going to come? As for the transparency: https://cointelegraph.com/news/binance-proof-of-reserves-removed-from-the-auditor-s-siteWhen the guys that have audited you remove the audit from their website and terminate any contract or relation with it, how can you trust their previous numbers? Protection funds are supposed to be held by another party which should not be exposed at the same risks as the first company, that's why FDIC insurance money is not held by the banks themselves! Seeing significant surge in the protection funds is a win worth celebrating.
A better win would be for exchange to have nothing to insure and everyone doing his own banking, like it was supposed to be. |
|
|
|
However I found this: https://bit.store/homeIt appears that it has a partnership with Binance, and that the virtual version of the card does not require KYC. First impression was that this is the next try from Binance to get a card but this time is really a limited partnership. So basically it's just Bit.store implementing Binance pay on its platform, much like Coinbase had it's payment gateway partnerships before. But what I'm really curious, anyone also getting redacted while trying to browse https://bit.store/useragreement.htmlhttps://bit.store/termprivacy.htmlFirefox chrome android windows I can't open the page. Let's see how long the no kyc miracle last before MC pulls the plug again. |
|
|
|
Carbon is not the commodity, it's carbon credits, so you don't get paid to produce CO2, you get fined for producing!
I'm not the biggest expert in this field, but carbon credits are not a fine. You are just obligated by the system to buy carbon credits, if you are producing lots of carbon emissions. Which is basically a fine without future consequences, you pay a ticket and you're on the way, free cross the lien again! Of course considering it a tax is more appropriate but the way big guys producing tons of carbon and coming in the end as "green" just because they pay up it's more like those rich kids not caring about a 100euros fine while driving 250kmh though the city. Some "green idiots" have decided that CO2 is bad for the environment, even though the plants and trees consume CO2.
That's one bit of the problem, if trees would consume that carbon and it would go away, but the problem is that when trees and trees decompose the whole thing is back in the natural cycle, that's why I hate when some companies claim they have done god know what marvelous deed by planting 100 trees. The current biggest polluters, places like China and India, argue that they are behind on industrialization and want to catch up, but by the time they've caught up - especially with the scale of their population - we would likely have entered a time of irreversible change.
Well, let's look at the bright side, China is already over peak population and India will follow pretty soon, some state are already below replacement levels, the change will be more drastically in the so called 3rd world countries and far more abruptly, I doubt we could screw the planet beyond making it livable in a decade or two, it won't be as nice as before but hardly SF movie levels. |
|
|
|
Yeah, totally legit..I mean 1945 was the year a panic occurred, case well...the war ended 1942 was the best time to buy, if you were sure you're not going to die tomorrow in the same war mentioned above and miraculously the same 1945 was the time to sell stock... There was also a great depression, but somehow it spans over both cycles, 1931 in the middle of it was "good years" lol Also nice that you had to buy stocks in 96, because of low prices, just with the 1997 asian crisis wiping eveything It's quite curious, curious as to how on earth they managed to predict with such accuracy.
First it's not accurate at all. Second it's a based on crop prices back a century ago when those things were really experiencing cycles but for completely different reasons than what the stock market is influenced right now. |
|
|
|
well six cents has basically almost always worked. i am interested in seeing what it does.
Yeah that thing was valid when BTC was at 42k but when you get 10% in under 5 days and 5% up in a day with income per th/s probably going above 9 cents again things start to change quite radically. So the 6cents/kwh border might become only 8cents/kwh if this things hits previous ATH levels, this despite the growth in hasharate. Eveything becomes muddy again. Do we have any new equipment being tested that has not yet been announced? Something that will really "revolutionize" the market? Well, this "revolutionizing the market" part is already a very high expectation on my part.  Doubt it! S21 is already itself a giant pace in efficiency, I doubt that Bitmain has another ace hidden that it plans to release after the halving to screw everybody! This unless they ar already able to do it with 3nm, but with the current geo-poli-eco madness I don't see them bein first in line at TSMC for that. |
|
|
|
there is no need to worry when the price of bitcoin decreases when it approaches the halving, because it is a natural correction
What is a natural correction here? Bumping this cause it's becoming pretty interesting! So if the correction one week ago to 38 500 was NATURAL, and it was returning to it's actual price then this jump to 48000 is completely fake , right? I just love how when the price goes down everywhere is saying it's all natural, expect it to get lower, the actual price is below that, there is resistance, but when it jumps suddenly there is nothing left to worry about even without anything major happening and out of the blue a 2x price is pretty natural and normal just one week after. The instant change from the cope tube to helium and writing of new rules and cycles as well as drawing new lines on TA that are showing whey we're doing this like there would even be a real explanation in it is just out of the scale funny! I think the price will dip once more, it will go down but nothing too big, probably a little under 40k again and then it will start to go back up and after that it will be fine for a long time.
One day later, are you still standing by your prediction? Because suddenly going back to under 40k is not a small dip anymore!  |
|
|
|
I love how people expectation and predictions change each day depending on what they want to force themselves to think! One week ago we had a topic about : Bitcoin has never pass ATH before halving but it has always dip don't panic.Now suddenly we forgot this rule and we're having a bull run instead of a dip and everyone forgets that we're breaking the rules here and the cycles Can't wait for all those that were screaming how ETF are bad for the markets and that the whales are lowering the price to start praising Blackrock once again. |
|
|
|
By "user protection fund", do you mean safu funds and/or proof of reserves?
Probably yes, what they should aim is more like FDIC schemes. # SAFU is a trust me bro and nothing else meme. If Binance is hacked or there is a mistake in transfers, they lose their back-ups, their keys anything, nothing is safu anymore, you can't guarantee funds with funds that are themselves at risks! And no way will they ever get FDIC or any other kind of protection! I'm quite sure why this popped up, CEXs started this kind of campaign https://www.prnewswire.com/in/news-releases/bitgets-protection-fund-soars-to-new-heights-reaching-424-million-in-december-2023-302032583.htmlBitget's Protection Fund stands as one of the largest self-insured funds in crypto. It builds trust amongst users with an extra layer of protection as it safeguards crypto assets against hacks, scams, and extreme market conditions.The Protection Fund is entirely self-funded, affording a high degree of operational flexibility and autonomy. So basically they are saying your money is protected by your money! |
|
|
|
I end up finding this situation funny. We are +10% above the target pace. And then we have blocks taking half an hour to be mined.  Probabilities and luck are always paying games with human minds! I'm watching the races right now and it's the 8th favorite under 5/4 so 2.25 odds to get trashed in a row, I almost feel tempted to put a bet on the last horse of the day without even knowing his time form because we must have at least one winning, right, after so many loses! Same with blocks, if you're paying the minimum fee but you're in a hurry get ready, for sure the next block will be half an hour late! 121% in a single epoch is against physics and economics, noway on earth it's going to keep the pace, we will end up with a small increase of 2-3% IMO.
we all knew 121% was out of discussion but.. Latest Block: 829550 (21 minutes ago)
Current Pace: 110.6209% (975 / 881.39 expected, 93.61 ahead)
Next Retarget (earliest): February 15, 2024 at 9:19 AM (in 6d 12h 50m 31s)
10% is still madness ? I expected it to drop like a stone in the next few days but seems not slowing that much down, in the last 24 hours we had 148, 24 hour before 159 blocks, I know S21 are being put online everywhere but are they really that many? @stompix, the halving is going to be brutal regardless,
I have the luxury of not caring that much anymore, even if I start losing money the growth has made up for it , I'm in a "bring it on, show me the worse" mode. But the rest, I don't ant to be a miner with 100+ asics on more than 6 cents two months from now! With one exception, if it's not my money but investors in that gear, then I couldn't care less also! |
|
|
|
Why should people do that for you?
That knowledge has value.
If it were a small setup, yeah maybe one could get advice here, so something under 30KW, you need the room, the air flow, the electric cables, the whole breakers and stuff is pretty simple to one point, msot tutorials here would help him get the idea. But for a full plan of a mining farm once we go over 100 gears and close on 1MW it's OP who before finding out the cost should come with an $ offer for the planning! "Detailed" cost, are we going to quote eveything here, land, rent, taxes, wages, permits, price of materials, handymen, etc etc? Common! Also, Scott is at least sincere: By the end of the bootcamp, you’ll leave with spreadsheets, a working budget and a design plan that you can take to your investors, your contractors, your team… or whoever you're working with to build your mine in hopefully… less than 90 days! I operate a handful of small farms. The smallest has 22 miners and the largest currently has 37 miners. The most expensive setup cost me approx. £10,000 ($12,600) and the cheapest came in at approx. £7000 ($8,800).
Since you're first quote is in £, you're UK based? If it's not a trade secret, what rates you have for kwh? Just curios since I'm crying in eurocents here! |
|
|
|
|
Show Posts
